Sustainable Waste Management Eco-Enterprises Program (SWEEP)
Program Objective: To provide technical and business development support and financial services to stimulate and accelerate the development of viable and ecologically sound entrepreneurial activities in the waste management sector.
Eligible Borrowers:
* Non-Government Organizations (NGOs)
* People’s Organizations (POs)
* Cooperatives and Coop- Federations
* Industry Associations
* Single Proprietor
* Private Corporations
Financial Products and Services:
* Loan (Term Loan, Credit Line)
* Guarantee
* Equity/Joint Venture
Terms/Requirements:
Loan Amount: Minimum of P500 Thousand
* Maximum of P5.0 Million for first time borrowers
Interest Rate: Prevailing 90-day TBill Rate + (5 – Project’s EEI rating) + Service Fee + RVAT
Maturity/ Repayment: One to five years maturity; Monthly, quarterly, semi-annual, or annual payments of principal and interest
Security: (any or combination of the following)
* Real Estate Mortgage
* Chattel Mortgage
* Deed of Assignment
* Joint and Several Suretyship (JSS) Agreement
Contact Details:
FOUNDATION FOR A SUSTAINABLE SOCIETY, INC. (FSSI)
Unit E, 46 Samar Avenue cor. Eugenio Lopez Street South Triangle, Quezon City
Mr. Augusto Camba
Associate Director
Telefax: (632) 928.8671
E-mail: ac@fssi.com.ph
URL: www.fssi.com.ph
Ms. Glaiza Veluz
Program Officer
E-mail: glaiza@fssi.com.ph
Telefax: (632) 928.8671
URL: www.fssi.com.ph
